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Advanced TA SearchArchive
- 4/26/2024 -
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Helmerich & Payne (HP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Helmerich & Payne (HP). During the week, the HP dropped -1.57 points, or -3.74%, and closed at 40.39 on Friday, April 26, 2024. Weekly volume was 35% above average.
HP is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See HP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 54.59 and reached 30.41 on May 11, 2023. HP lost 24.18 points, or 44.29%, in 48 weeks. The price is now at the 41.27% retracement level.
 Medium-term trend: [See HP medium-term trend chart]
A medium-term uptrend had started on January 17, 2024 at 32.17 and reached 44.11 on April 8, 2024. HP gained -11.94 points, or -37.12%, in 11 weeks. The price is now at the 31.16% retracement level.
 Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since February 9, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See HP short-term trend chart]
A short-term downtrend had started on April 8, 2024 at 44.11 and reached 39.01 on April 25, 2024. HP lost 5.10 points, or 11.56%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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